"Foundry's new Zcash pool has seen rapid and sustained growth from multiple institutional mining customers, already accounting for nearly a third of new Zcash production."
"The price of Zcash has jumped over 75% in the last 30 days compared to a rise of around 7% in the overall crypto market."
"Foundry's decision to add Zcash to its operations comes in response to growing interest in so-called privacy coins from large institutions."
"Zcash is currently around the 15th biggest cryptocurrency, with a market cap of approximately $6.3 billion, which is tiny compared to Bitcoin's $1.5 trillion market cap."
Foundry, a New York-based firm, has launched a Zcash mining pool, responding to institutional interest in privacy coins. This move is seen as a significant endorsement for Zcash, which excels in transaction privacy. Foundry's new pool has quickly gained traction, accounting for nearly a third of new Zcash production. Zcash, currently the 15th largest cryptocurrency, has experienced a price surge of over 75% recently, indicating growing market interest. Foundry's operations reflect a broader trend of financial organizations embracing privacy-focused cryptocurrencies.
Read at Fortune
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